Economy in Farmington, Minnesota

Economy	Farmington, MN	United States
Unemployment Rate	4.80%	8.60%
Recent Job Growth	-0.14%	0.35%
Future Job Growth	34.92%	32.10%
Sales Taxes	6.50%	5.00%
Income Taxes	7.05%	4.70%
Income per Cap.	$26,508	$26,154
Household Income	$70,869	$50,935
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K	4.60%	12.37%
Income between 15K and 25K	4.18%	10.53%
Income between 25K and 35K	6.86%	10.88%
Income between 35K and 50K	11.57%	15.37%
Income between 50K and 75K	27.69%	20.14%
Income between 75K and 100K	21.60%	12.41%
Income between 100K and 150K	16.84%	11.27%
Income between 150K and 250K	5.02%	5.01%
Income between 250K and 500K	1.46%	1.86%
Income greater than 500K	0.15%	0.16%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations	15.58%	14.04%
Professional and Related Occupations	18.59%	20.61%
Service	10.83%	14.45%
Sales and Office	27.52%	26.75%
Farming, Fishing, and Forestry	0.31%	0.70%
Construction, Extraction, and Maintenance	12.57%	9.42%
Production, Transportation, and Material Moving	14.60%	14.05%

The unemployment rate in Farmington, MN, is 4.80%, with job growth of -0.14%. Future job growth over the next ten years is predicted to be 34.92%.

Farmington, MN,sales tax rate is 6.50%. Income tax is 7.05%.

The income per capita is $26,508, which includes all adults and children. The median household income is $70,869.

Farmington Economy SperlingViews